In furtherance of President Trump’s 8 May 2018 announcement that the United States would withdraw from the Iran nuclear deal—the Joint Comprehensive Plan of Action (JCPOA)—on 27 June 2018, the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) amended the Iranian Transactions and Sanctions Regulations (ITSR) and revoked General Licenses (GL) H and GL I. In the Frequently Asked Questions (FAQs) issued in conjunction with the President’s announcement, OFAC indicated that GLs H and I, as well as the general licenses related to the import of Iranian-origin carpets and foodstuffs, would be revoked “as soon as administratively feasible” and replaced with narrowly-scoped wind-down licenses.